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British-based holding company From Wikipedia, the free encyclopedia
V Sports is a holding company that administers association football clubs. The company is jointly owned by American billionaire Wes Edens and Egyptian billionaire Nassef Sawiris, with a minority stake held by American investment firm Atairos.[3] The company derives its name from Aston Villa, the flagship football club, and acts as the club's parent company.
Company type | Holding company |
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Founded | 2018 as NSWE[1] |
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In addition to the men's and women's sides of Aston Villa, V Sports also owns a 29% stake in Portuguese side Vitória S.C. V Sports also has partnership agreements with ZED FC of the Egyptian Premier League, Vissel Kobe of the J1 League, and Real Unión of the Primera Federación. The clubs in the V Sports network share scouting resources, coaching methodologies, and youth development strategies.[4]
The company was founded as NSWE in July 2018 ahead of Edens and Sawiris' purchase of a 55% stake in EFL Championship club Aston Villa. This was subsequently increased to a full purchase of the club in August 2019, following Aston Villa's promotion to the Premier League.[5] NSWE was rebranded to V Sports in 2021.[1]
Having confirmed an initial partnership between ZED FC and Aston Villa to develop youth players in December 2021, a partnership agreement between ZED and V Sports (including Vitória SC) was announced in April 2023. [6] ZED FC are owned by Naguib Sawiris, the brother of Nassef Sawiris. Aston Villa announced the pre-signing of ZED FC youth player and Egyptian Under-17 international, Omar Khedr, in August 2023.[7]
A youth academy investment in Senegal was announced in late 2022.[8] Vitória president António Miguel Cardoso described this as : "the largest training complex in Senegal is owned by V Sports. We are talking about young athletes, up to the age of 18, who are in Senegal being worked on so that they can then follow their professional project."[9]
V Sports purchased 46% of Vitória S.C. in February 2023, with the acquisition advised by Slaughter & May.[10][4] Nassef Sawiris noted that discussions had been ongoing for almost two years between V Sports and Vitória.[4] However, V Sports was required by UEFA to reduce its share in Vitória from 46% to 29% to comply with regulations in June 2023, as both clubs were in the qualifying rounds of the 2023-24 UEFA Europa Conference League.[11] The requirement also necessitated that no players were transferred or loaned between the clubs until September 2024 at the earliest.[12]
V Sports had entered formal discussions with Major League Soccer (MLS) regarding forming a club in Las Vegas in early 2022, with the name Las Vegas Villains trademarked.[13] The 30th team in the league was instead awarded to San Diego in May 2023.[14]
In May 2023, Chris Heck, former president of the Philadelphia 76ers, was announced as the President of Business Operations for both V Sports and Aston Villa.[15] In October 2023, former director of the 2022 Commonwealth Games in Birmingham, Matthew Kidson joined as Director of Global Development.[16]
On 19 October 2023, V Sports announced a partnership between its member clubs and Japanese club Vissel Kobe.[17][18] On 28 November 2023, V Sports announced a partnership with Spanish club Real Unión: the club is owned by the family of Aston Villa manager Unai Emery.[19]
On 15 December 2023, V Sports announced an agreement with Comcast-backed American investment firm Atairos to become a minority in the V Sports holding company.[20] The agreement, which valued V Sports at more than £500 million, saw Atairos obtain a 20% stake.[21] The deal with Atairos was finalised on 12 April 2024.[22]
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